Body Corporate minutes for the building show an Extraordinary General Meeting was held on 21 June this year to consider issues relating to weathertightness in the complex's roofs, balconies and car parks and also issues relating to its structure, fire protection and hydraulic services.

Yes - Potential problem there, though not one that we knew existed when I purchased. A little annoying. From my understanding there doesn't appear to be any weathertightness issues, but potential structural, who knows. Big report with far too many pictures and pages documenting every tiny paint-flecking, makes it tough to determine what's actually a problem.

At least Whaleoil is trying to bring balance to all the negative twaddle on ""evil"" landlords in this fight fire with fire rebuttal op-ed piece on Phil Twyford , Minister of Housing recent commentary:

Hey Bright line test going to 5 years, not back dated, they don't usually do that, but hey make it 10 years or 20 years, or 100 years.
Doesn't worry me.
Rentals to hand on to your children and create generational wealth, why sell the golden goose.

Better rental standards, great news, picks up all the dodgy land lords and speculators.
But rental stock will plunge as spec holders will not be bothered with upgrading houses to get a bit of rent.
Will be cheaper for them to just keep empty houses most likely.

Rents are going to spiral really high under labours watch.

Especially all this upgrading, on top of massive Insurance and Rates Costs.
These "CAPITAL" taxs where property owners pay for council and city infrastructure.
While non property owners get all that for free.

The poor investor who cant feed his family on capital gain, who subsidised these people on the whiff of perceived equity wealth.
Will have to start charging the real cost of housing to tenants now.

Hey Bright line test going to 5 years, not back dated, they don't usually do that, but hey make it 10 years or 20 years, or 100 years.
Doesn't worry me.
Rentals to hand on to your children and create generational wealth, why sell the golden goose.

Better rental standards, great news, picks up all the dodgy land lords and speculators.
But rental stock will plunge as spec holders will not be bothered with upgrading houses to get a bit of rent.
Will be cheaper for them to just keep empty houses most likely.

Rents are going to spiral really high under labours watch.

Especially all this upgrading, on top of massive Insurance and Rates Costs.
These "CAPITAL" taxs where property owners pay for council and city infrastructure.
While non property owners get all that for free.

The poor investor who cant feed his family on capital gain, who subsidised these people on the whiff of perceived equity wealth.
Will have to start charging the real cost of housing to tenants now.

Well how can we expect rents to spiral if tenants wages are stagnant? Unless Jacinda releases more welfare funds to feed a rent rise frenzy, then again imposing a draconian rent rise control would curtail the need for more welfare handouts.

I get the picture that people need somewhere to live and supply & demand theory applies but at the same time this new socialist lefty government are seeking to "eat the rich" and enrich the poor.